This Billionaire Crypto Bull Just Called Bitcoin A 'Better Version Of Gold' — And Says It Could 10x From Here

Core Insights - Institutional interest in Bitcoin is rapidly increasing, with Bitcoin currently trading above $126,000 and a market valuation of $2 trillion, which could potentially rise to match gold's $22 trillion market cap, indicating a potential upside of over 10 times from current levels [2][3] - The total inflows into Bitcoin exchange-traded funds (ETFs) have surpassed those into the Nasdaq-100 ETF, highlighting the swift adoption of crypto by institutional investors through traditional investment vehicles [3] - BlackRock's iShares Bitcoin Trust is nearing $100 billion in assets, making it the most profitable ETF product for the asset management giant [4] Institutional Adoption - There has been a significant shift in institutional participation in the crypto market compared to a year ago, with many financial professionals now viewing digital assets more favorably [5] - A recent Bank of America survey indicates that over 60% of investors still have no exposure to digital assets, suggesting that the market is not yet saturated [5][6] - The perception that digital assets are "too late in the game" is inaccurate, as a majority of the population still does not own them [6]